Answer:
The percent of students who take exactly three courses =
31.67%
Explanation:
a) Data and Computations:
# of Courses Frequency Relative Frequency Cumulative Frequency
1 22 0.3667 22
2 19 0.3167 41
3 19 0.3167 60
Number of part-time students surveyed = 60
Students who take 1 course = 22/60 * 100 = 36.67%
The cumulative frequency for 1 course is 22 students.
The frequency of student who take 2 courses = 19(41 - 22)
Therefore, the frequency of students taking 3 courses = 19 (60 - 41) and
the relative frequency of students who take 3 course = 19/60 * 100 = 31.67%.
2,000×((((1+0.08÷4)^(4×15)
−1)÷(0.08÷4))×(1+0.08÷4))
=232,665.14
Answer: The rate of return on common stockholder’s equity is 23%.
Explanation:
Given that,
Net Income = $50,000
Preferred Dividends = 8,000
Average Common Stockholder’s Equity = 180,000
Average number of Common Shares Outstanding = 250,000 shares
Market Price = $2 per share
Therefore,
Return on equity = 
= 
= 23%
The cost of goods sold on October 24 is $4830
The perpetual inventory as on October 31 is 70 units of value as $2310
Explanation:
The order of events in the given scenario,
- Oct. 1 - Inventory 200 units at $30
- Oct. 7 - Sold 160 units
- Oct. 7 - Remaining Inventory 40 units at $30
- Oct. 15 - Purchase 180 units at $33
- Oct. 15 - Total Inventory 40 units at $30 + 180 units at $33
- Oct. 15 - Total Inventory 220 units and value is $7140 ($30 * 40 + $33 * 180)
- Oct. 24 - Sold 150 units
- Oct. 24 - Taken 40 units from the purchase of $30 and 110 units from the purchase of $33 by using FIFO logic
- Oct. 24 - Total cost of goods sold is $4830
So, cost of goods sold on October 24 is $4830
- Oct. 24 - Total Inventory 70 units and value is ($7140 - $4830) = $2310
The perpetual inventory value as on October 31 is $2310
Answer:
D. Order the parties to arbitrate
Explanation:
Under an arbitration agreement, the parties to such a contract mutually agree to settling future disputes outside court.
Like every contract, such a contract is legally binding and the terms cannot be revoked by one of the parties later. The parties are bound by arbitration in such cases, as is mutually agreed initially.
As per the facts of the case, such an arbitration agreement has been entered into by Jan and Kyle, wherein it was mutually agreed to settle outside court, in the event of a dispute. When the said dispute arose, Jan filed a suit against Kyle.
In such a scenario, the court will likely D. Order the parties to arbitrate.
